Question 1

What is the appropriate course of action for a contractor when experiencing an inexcusable delay?

Options :

A : The contractor has no right to ask for a time extension or additional cost.

B : The contractor should immediately issue a disruption claim.

C : The contractor should wait for the owner to propose a resolution.

D : The contractor should seek a time extension and financial compensation.

Answer: A

Question 2

A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.Select the statement that best describes the meaning of the +/-notations associated with an estimate. The actual cost is expected:

Options :

A : To fall within the percentage range stated

B : To be exactly the percentages stated

C : To be higher or lower that the percentages stated

D : To be outside the percentages stated

Answer: A

Question 3

Which statement accurately describes Just-in-Time (JIT) techniques for materials procurement?

Options :

A : Is not actually a procurement strategy

B : Cause fast tracking

C : Remove safety stocks

D : Cost more than they save

Answer: C

Question 4

Which project site would be the first choice for a corporation?

Options :

A : Site B: New country - Low tax rate - Moderate productivity - Moderate wages - New market -

Government faces economic problems

B : Site A: Adjoining an existing site - High tax rate - Moderate productivity - Low wages - Stable government

C : Site C: Adjoining an existing site - High tax rate - Moderate productivity - Moderate wages - New government

D : Site D: Located in an existing industrial park - Moderate productivity -High wages - Stable government (military involved)

Answer: B

Question 5

____________ is the application of total resources ($-workers-supports) and activity durations of the logic diagram.

Options :

A : Forecasting

B : Planning

C : Scheduling

D : Modeling

Answer: C